Due: Submitted to Assignment 2 page in Brightspace no later than October Using the provided excel file: Revenue Cost of Revenue, Total Gross Profit Selling/General/Admin. Expenses, Total Depreciation/Amortization Unusual Expense (Income) Operating Income Gain (Loss) on Sale of Assets Income Before Tax Income After Tax 30-Jun-19 11667.8 6628.7 5039.1 2637 211.6 -29.1 2219.6 13.9 2233.5 1493.4 30-Jun-18 10938.5 6220.7 4717.8 2496.9 206.9 -1.4 2015.4 0 2015.4 1376.5 30-Jun-17 10226.4 5842 4384.4 2370.3 199 0 1815.1 0 1815.1 1242.6 Task Copy the Income Statement and paste it into a new worksheet. Reformat the data so that it is more readable, add any titles required, and insert formulas in place of the numbers where possible (ignoring any Income tax formulas---leave any tax amounts as numbers). What i' Use of cell re there withir Copy the Balance Sheet and paste it into an area below the Use Income Statement. Reformat the data so that it is more cell readable, add any titles required, and insert formulas in place the of the numbers where possible (leave any Retained Earnings (or with Deficit) amounts in the Equity section as numbers). 36 23.5 The Assignment 2 Company Balance Sheet For the Years Ending June 30 2016 to 2019 30-Jun-19 30-Jun-18 Cash & Equivalents 3191.1 1639.3 Short Term Investments 26.6 Total Receivables, Net 1742.8 1546.9 Other Current Assets, Total 34543 25596.4 Total Current Assets 39500.4 28809.2 Property/Plant/Equipment, Total - Gross 1840.8 1776.4 Accumulated Depreciation, Total -1155.8 -1103.7 Long-Term Note Receivable 27.1 32.2 Goodwill, Net 1682 1793.5 Intangibles, Net 534.2 503.2 Long Term Investments 7.8 28.9 Other Long Term Assets, Total 1233.5 1270.8 Total Assets 43670 33110.5 On a new worksheet, using the years of information you have, US create a common-size income statement. Link all the formulas re to the income statement worksheet, and ensure formatting and CT A titles are appropriate. t 30-Jun-17 1584 2032.2 1498.8 22378 27493 1718.7 -1051.6 155.4 1883.5 491 54.1 1315.7 32059.8 3 On the original income statement and balance sheet worksheet, choose any three financial ratios from our textbook's chapter 3. Using cell referencing, calculate these three ratios for the three most recent years of information you have. Place these ratio's names and calculations in a space to the right of the Income Statement, with applicable titles, formatting and column headers. Again to the right of these ratio calculations, for each ratio, create a nested IF statement or a combination of IF/AND/OR statements whose result is: "Investigate further" if the ratio gets worse across all 3 years, "Keep an eye out" if the ratio for the most recent year is worse than either of the two previous years, "Carry on" if the ratio get better across all 3 years. 21 2 Accounts Payable Accrued Expenses Notes Payable/Short Term Debt Other Current liabilities, Total Total Current Liabilities Total Debt Deferred Income Tax Other Liabilities, Total Total Liabilities Total Equity Total Liabilities & Shareholders' Equity 152.3 1863.5 0 33831.6 35847.4 2007.7 251.1 1082.2 39188.4 4481.6 43670 194.5 1786.5 0 25132.7 27113.7 9.2 172.1 1007 28302 4808.5 33110.5 152.1 1793.9 2173 20048.6 24167.6 2184.5 215.9 994.6 25389.6 6670.2 32059.8 26 6 32 Total Common Shares Outstanding 455.7 466.4 480.2 Due: Submitted to Assignment 2 page in Brightspace no later than October Using the provided excel file: Revenue Cost of Revenue, Total Gross Profit Selling/General/Admin. Expenses, Total Depreciation/Amortization Unusual Expense (Income) Operating Income Gain (Loss) on Sale of Assets Income Before Tax Income After Tax 30-Jun-19 11667.8 6628.7 5039.1 2637 211.6 -29.1 2219.6 13.9 2233.5 1493.4 30-Jun-18 10938.5 6220.7 4717.8 2496.9 206.9 -1.4 2015.4 0 2015.4 1376.5 30-Jun-17 10226.4 5842 4384.4 2370.3 199 0 1815.1 0 1815.1 1242.6 Task Copy the Income Statement and paste it into a new worksheet. Reformat the data so that it is more readable, add any titles required, and insert formulas in place of the numbers where possible (ignoring any Income tax formulas---leave any tax amounts as numbers). What i' Use of cell re there withir Copy the Balance Sheet and paste it into an area below the Use Income Statement. Reformat the data so that it is more cell readable, add any titles required, and insert formulas in place the of the numbers where possible (leave any Retained Earnings (or with Deficit) amounts in the Equity section as numbers). 36 23.5 The Assignment 2 Company Balance Sheet For the Years Ending June 30 2016 to 2019 30-Jun-19 30-Jun-18 Cash & Equivalents 3191.1 1639.3 Short Term Investments 26.6 Total Receivables, Net 1742.8 1546.9 Other Current Assets, Total 34543 25596.4 Total Current Assets 39500.4 28809.2 Property/Plant/Equipment, Total - Gross 1840.8 1776.4 Accumulated Depreciation, Total -1155.8 -1103.7 Long-Term Note Receivable 27.1 32.2 Goodwill, Net 1682 1793.5 Intangibles, Net 534.2 503.2 Long Term Investments 7.8 28.9 Other Long Term Assets, Total 1233.5 1270.8 Total Assets 43670 33110.5 On a new worksheet, using the years of information you have, US create a common-size income statement. Link all the formulas re to the income statement worksheet, and ensure formatting and CT A titles are appropriate. t 30-Jun-17 1584 2032.2 1498.8 22378 27493 1718.7 -1051.6 155.4 1883.5 491 54.1 1315.7 32059.8 3 On the original income statement and balance sheet worksheet, choose any three financial ratios from our textbook's chapter 3. Using cell referencing, calculate these three ratios for the three most recent years of information you have. Place these ratio's names and calculations in a space to the right of the Income Statement, with applicable titles, formatting and column headers. Again to the right of these ratio calculations, for each ratio, create a nested IF statement or a combination of IF/AND/OR statements whose result is: "Investigate further" if the ratio gets worse across all 3 years, "Keep an eye out" if the ratio for the most recent year is worse than either of the two previous years, "Carry on" if the ratio get better across all 3 years. 21 2 Accounts Payable Accrued Expenses Notes Payable/Short Term Debt Other Current liabilities, Total Total Current Liabilities Total Debt Deferred Income Tax Other Liabilities, Total Total Liabilities Total Equity Total Liabilities & Shareholders' Equity 152.3 1863.5 0 33831.6 35847.4 2007.7 251.1 1082.2 39188.4 4481.6 43670 194.5 1786.5 0 25132.7 27113.7 9.2 172.1 1007 28302 4808.5 33110.5 152.1 1793.9 2173 20048.6 24167.6 2184.5 215.9 994.6 25389.6 6670.2 32059.8 26 6 32 Total Common Shares Outstanding 455.7 466.4 480.2